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Skipton BS launch Special Saver paying 7.55% - 29/10/2007
Kazza242
Posts: 2,207 Forumite
Further to Bristolleedsfan's thread on Skipton Building Society's Xmas Saver 2008. Skipton are also launching another regular saver, called Special Saver, on 29th October 2007.
It pays 7.55% interest and has a 1 year term. Deposit between £10 - £250.
According to the Skipton website "You can have a maximum of three accounts running at any one time
". Be aware though, that the interest rate is variable and not fixed.
The details are now on the Skipton website, here.
The details are now on Moneyfacts, here.
Well done Skipton!
It pays 7.55% interest and has a 1 year term. Deposit between £10 - £250.
According to the Skipton website "You can have a maximum of three accounts running at any one time
". Be aware though, that the interest rate is variable and not fixed.
The details are now on the Skipton website, here.
The details are now on Moneyfacts, here.
Well done Skipton!
Please call me 'Kazza'.
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Comments
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Further to Bristolleedsfan's thread on Skipton Building Society's Xmas Saver 2008. Skipton are also launching another regular saver, called Special Saver, on 29th October 2007.
It pays 7.55% interest and has a 1 year term. Deposit between £10 - £250.
The details are now on Moneyfacts, here.
Well done Skipton!
i wouldnt be suprised if it turns out to be the same christmas saver 2 albeit the two sources are quoting a different start date bar two days and money facts are calling it "special saver"
lets wait and c.
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bristolleedsfan wrote: »i wouldnt be suprised if it turns out to be the same christmas saver 2 albeit the two sources are quoting a different start date bar two days and money facts are calling it "special saver"
lets wait and c.
Maybe.:) Though the accounts have different maximum investments. The Xmas Saver £3250 while the Special Saver has £3,000. Also the account maturity dates are different. The former is 24/11/2008 while the latter states that it is a 1 year term and interest is paid on the anniversary of opening.
These new accounts have come at the perfect time for me, as my Principality RS (which I funded from income) matures next month. I setup the SO from my Barclays current account so the payments arrive quicker, as both Principality and Skipton use Barclays as their clearing bank with sort codes beginning '20'.Please call me 'Kazza'.0 -
Maybe.:) Though the accounts have different maximum investments. The Xmas Saver £3250 while the Special Saver has £3,000. Also the account maturity dates are different. The former is 24/11/2008 while the latter states that it is a 1 year term and interest is paid on the anniversary of opening.
lets c what appears on skipton website in due course after all 3rd party sources are not always 100% reliable with the info. :wave:0 -
bristolleedsfan wrote: »lets c what appears on skipton website in due course after all 3rd party sources are not always 100% reliable with the info. :wave:
If I get a chance tomorrow I'll pop to my local Skipton branch and ask. Though I think that they are two different regular savings accounts. Moneyfacts has also listed them separately on their Regular Savings account front page. Again with different 'with effect from' dates. See here.Please call me 'Kazza'.0 -
If I get a chance tomorrow I'll pop to my local Skipton branch and ask. Though I think that they are two different regular savings accounts. Moneyfacts has also listed them separately on their Regular Savings account front page. Again with different 'with effect from' dates. See here.
i wasnt aware moneyfacts had two diff listings.
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Please call me 'Kazza'.0
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How do you find your nearest branch? On their website is just a pointless Google map of the UK, doesn't show where the branches are, even after I enter my postcode or town.0
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Google "Skipton building society myhometown" (include the ".." ) & MyFinance will provide you with a link to an address if there is a Skipton branch in range.0
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I can confirm that the Special Saver and Xmas Saver 2 are two separate accounts. I opened the Special Saver in branch today. I'll be opening the new Xmas Saver soon too.Please call me 'Kazza'.0
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The Special Saver is an interesting one. Although the maximum monthly deposit is 'only' £250, you can open several accounts to increase your contributions. Since you can subsequently reduce your contribution down to £10, and close an acount at any time and still get the full 7.55% interest on contributions up to closure date, it makes for a very flexible way to save as much as you like at 7.55%.
Drawbacks ? How many application forms can you be bothered completing (One for every £250 per month you want to save.) Also, they may withdraw the multiple account facility, reduce the interest rate (which is variable) etc.
Still, quite tempting ..........0
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